WBAG:PYT

Stock Analysis Report

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Executive Summary

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. More Details


Snowflake Analysis

Reasonable growth potential with mediocre balance sheet.


Similar Companies

Share Price & News

How has Polytec Holding's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PYT is not significantly more volatile than the rest of Austrian stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: PYT's weekly volatility (4%) has been stable over the past year.


Market Performance


7 Day Return

10.1%

PYT

4.5%

AT Auto Components

2.7%

AT Market


1 Year Return

-20.8%

PYT

-9.1%

AT Auto Components

-14.5%

AT Market

Return vs Industry: PYT underperformed the Austrian Auto Components industry which returned -9.4% over the past year.

Return vs Market: PYT underperformed the Austrian Market which returned -14.8% over the past year.


Shareholder returns

PYTIndustryMarket
7 Day10.1%4.5%2.7%
30 Day30.7%18.0%14.2%
90 Day40.8%24.5%13.8%
1 Year-20.8%-20.8%-7.2%-9.1%-12.3%-14.5%
3 Year-61.3%-64.0%-33.1%-38.0%-6.8%-15.0%
5 Year10.2%-3.7%-16.2%-26.5%34.6%16.2%

Long-Term Price Volatility Vs. Market

How volatile is Polytec Holding's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Polytec Holding undervalued compared to its fair value and its price relative to the market?

0.7x

Price to Book (PB) ratio


Share Price vs. Fair Value

Below Fair Value: PYT (€7.32) is trading above our estimate of fair value (€6.78)

Significantly Below Fair Value: PYT is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PYT is unprofitable, so we can't compare its PE Ratio to the XE Auto Components industry average.

PE vs Market: PYT is unprofitable, so we can't compare its PE Ratio to the Austrian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PYT's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PYT is good value based on its PB Ratio (0.7x) compared to the XE Auto Components industry average (1.4x).


Next Steps

Future Growth

How is Polytec Holding forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

103.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: PYT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (0.5%).

Earnings vs Market: PYT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: PYT's is expected to become profitable in the next 3 years.

Revenue vs Market: PYT's revenue (5.7% per year) is forecast to grow faster than the Austrian market (5.4% per year).

High Growth Revenue: PYT's revenue (5.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PYT's Return on Equity is forecast to be low in 3 years time (7.7%).


Next Steps

Past Performance

How has Polytec Holding performed over the past 5 years?

-14.4%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PYT is currently unprofitable.

Growing Profit Margin: PYT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: PYT is unprofitable, and losses have increased over the past 5 years at a rate of 14.4% per year.

Accelerating Growth: Unable to compare PYT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: PYT is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (-43.4%).


Return on Equity

High ROE: PYT has a negative Return on Equity (-0.6%), as it is currently unprofitable.


Next Steps

Financial Health

How is Polytec Holding's financial position?


Financial Position Analysis

Short Term Liabilities: PYT's short term assets (€292.7M) exceed its short term liabilities (€132.8M).

Long Term Liabilities: PYT's short term assets (€292.7M) exceed its long term liabilities (€215.1M).


Debt to Equity History and Analysis

Debt Level: PYT's debt to equity ratio (86.7%) is considered high.

Reducing Debt: PYT's debt to equity ratio has reduced from 102.2% to 86.7% over the past 5 years.

Debt Coverage: PYT's debt is not well covered by operating cash flow (12.8%).

Interest Coverage: Insufficient data to determine if PYT's interest payments on its debt are well covered by EBIT.


Balance Sheet


Next Steps

Dividend

What is Polytec Holding current dividend yield, its reliability and sustainability?

1.97%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate PYT's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate PYT's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if PYT's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if PYT's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: PYT is not paying a notable dividend for the Austrian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of PYT's dividend in 3 years as they are not forecast to pay a notable one for the Austrian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

1.9yrs

Average management tenure


CEO

Markus Huemer (39 yo)

1.83yrs

Tenure

€461,000

Compensation

Mr. Markus Huemer has been Chief Executive Officer of Polytec Holding AG since January 1, 2019 and also serves as Chairman of the Board since January 01, 2019. Mr. Huemer served as Chief Operating Officer ...


CEO Compensation Analysis

Compensation vs Market: Markus's total compensation ($USD549.01K) is below average for companies of similar size in the Austrian market ($USD933.46K).

Compensation vs Earnings: Markus's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Markus Huemer
Chairman of the Board & CEO1.83yrs€461.00kno data
Peter Haidenek
CFO & Director9.75yrs€255.00kno data
Heiko Gabbert
COO & Director1.83yrs€376.00kno data
Peter Bernscher
Chief Sales Officer & Director2.25yrs€376.00kno data
Paul Rettenbacher
Head of Investor Relationsno datano datano data
Gabriele Worf
Director of Corporate Communicationsno datano datano data
Ulrike Huemer
Head of Industrial Divisionno datano datano data
Michael Pausch
Head of Product Development Compositesno datano datano data
Friedrich Huemer
1.92yrs€1.10m29.48%
€ 47.5m

1.9yrs

Average Tenure

53.5yo

Average Age

Experienced Management: PYT's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Viktoria Kickinger
Independent Member of Supervisory Board14.58yrs€22.00kno data
Fred Duswald
Independent Chairman of the Supervisory Board13.42yrs€35.00kno data
Manfred Trauth
Independent Deputy Chairman of the Supervisory Board13.42yrs€28.00kno data
Reinhard Schwendtbauer
Independent Member of Supervisory Board10.75yrs€22.00kno data

13.4yrs

Average Tenure

60.5yo

Average Age

Experienced Board: PYT's board of directors are seasoned and experienced ( 13.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Polytec Holding AG's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Polytec Holding AG
  • Ticker: PYT
  • Exchange: WBAG
  • Founded: 1986
  • Industry: Auto Parts and Equipment
  • Sector: Automobiles
  • Market Cap: €161.007m
  • Shares outstanding: 22.00m
  • Website: https://www.polytec-group.com

Number of Employees


Location

  • Polytec Holding AG
  • Polytec-Strasse 1
  • Hörsching
  • Upper Austria
  • 4063
  • Austria

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
PYTWBAG (Wiener Boerse AG)YesOrdinary SharesATEURApr 2006
P4NDB (Deutsche Boerse AG)YesOrdinary SharesDEEURApr 2006
0GOXLSE (London Stock Exchange)YesOrdinary SharesGBEURApr 2006
PYTVBATS-CHIXE (BATS 'Chi-X Europe')YesOrdinary SharesGBEURApr 2006

Biography

Polytec Holding AG, together with its subsidiaries, develops and manufactures plastic solutions for the passenger cars and light commercial vehicles, commercial vehicles, and industrial applications. The c...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/11/25 21:33
End of Day Share Price2020/11/25 00:00
Earnings2020/09/30
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.